Nickel futures gain 0.36 pc spot demand

Image
Press Trust of India New Delhi
Last Updated : Oct 28 2014 | 5:11 PM IST
Nickel prices were up by 0.36 per cent to Rs 903.60 per kg in futures trading today as speculators created fresh positions, taking positive cues from spot market.
At the Multi Commodity Exchange, nickel for delivery in October traded higher by Rs 3.20, or 0.36 per cent to Rs 903.60 per kg in business turnover of 1,791 lots.
Likewise, the metal for delivery in November gained Rs 3, or 0.33 per cent to Rs 911 per kg in 344 lots.
Analysts said fresh positions built up by speculators supported by rising demand from alloy-makers at spot markets, mainly led to rise in nickel prices at futures trade.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 28 2014 | 5:11 PM IST

Next Story